Donald Trump as President would mean war and bankruptcy for US: Jim Rogers

Jim Rogers has said: If Donald Trump is elected as US president, it means war and bankruptcy for US.

Jim Rogers, ace investor and Chairman of Rogers Holdings has warned that a bubble is building in the US dollar. (Reuters Photo)

Jim Rogers, ace investor and Chairman of Rogers Holdings has warned that a bubble is building in the US dollar. “If Donald Trump is elected as US president, it means war and bankruptcy for US,” he told BTVi when asked about the US elections. Jim Rogers said that he expects Janet Yellen, the US Fed chief to hike rates in December this year. “US Fed hiking rates will bring bad news for markets worldwide…countries which trade with the West will face problems,” he said. He finds the investment prospects in North Korea “very interesting”. Asked about Brexit, Rogers said that there would be “more pain in UK” because of Britain’s exit from the European Union.

Rogers believes that the pace of reforms in India has slowed down, and is slower than what was promised by the Narendra Modi government in 2014. While stating that no country is completely immune to the global turmoil, Jim Rogers acknowledged that India is in a better shape to handle the US Federal Reserve rate hike. “To a certain extent India is in a better shape,” he said.

Rogers’ views on Indian economy and the pace of reforms differ to an extent from most global brokerages and research houses, that have lauded the Modi government for taking the necessary steps to propel the country. Most recently, Aberdeen Asset Management, in a report titled, “India: The Giant Awakens”, said that PM Narendra modi remains popular and that reforms have not run out of steam. Aberdeen credited the prime minister for sowing seeds for structural changes and introducing reforms that may not be “big-bang”, but are definitely long-term in nature.